“I am pretty sure Bitcoin and cryptocurrencies will continue to surprise us all, and that the greater fool is still to be found just around the corner. Cryptos have thrived because social media, the internet and connectivity have made it easy to disseminate the con around the global markets at incredible speed. They’ve succeeded because regulators haven’t stopped them – hat-tip to the Chinese for being ahead of the regulatory pack in that regard. Someday, the last greater fool will want his money back, and regulators will be exposed for not acting earlier.”
Bill Blain, Market Strategist, Shard Capital · Bitcoin since: +39%
As published by CAPX
The Crypto Con – Why Bitcoin Is Nothing But A Ponzi Scheme ↗
A little perspective.
Bitcoin on that day$57,835November 29, 2021
$100 at that price$138.91At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Bill Blain appears in 3 recorded obituaries. 39 declarations were recorded in 2021.
Keep the receipt.
Bitcoin Is Dead. “The Crypto Con – Why Bitcoin Is Nothing But A Ponzi Scheme” — Bill Blain, CAPX, November 29, 2021. Bitcoin: $57,834.51. https://bitcoindeaths.com/posts/2021-11-29-the-crypto-con-why-bitcoin-is-nothing-but-a-ponzi-scheme